PropTech

Homebase will use the funding to expand its market leadership in Southeast Asia’s Proptech industry and get one step closer in its mission of empowering homeownership for 100,000 families across Southeast Asia, one family at a time. The company is set to further develop its proprietary technology, launch additional partnerships with real estate developers…

Deep tech in PropTech provides asset owners with digital solutions and helping them realize healthier, more profitable buildings. But you need to be a digital-first company to think that way.

In the next three months of the Super Accelerator programme, Sunway iLabs will help the selected top five startup founders connect with Sunway’s global network of partners, industry experts, mentors and investors.

Under their digital road map, this collaboration will encompass several pillars, which include digitalizing real estate workflows and transactions.

iProperty Malaysia and thinkofliving will continue to operate separately, PropertyGuru said. The group will work to ensure the smooth integration of the businesses while delivering the same value and services to property seekers, agents, and developers.

The company will use the fresh capital to enhance its data-matching technology across its Singapore, Malaysia, and Philippine markets.

The combined company will have an enterprise value of approximately $1.35 billion and an equity value of approximately $1.78 billion at closing.

Speedhome aims to expand regionally to 10 other metropolitan cities in the next five years, namely Bangkok, Manila, Jakarta, Taipei, Ho Chi Minh, Hanoi, Melbourne, Sydney, Hong Kong, and Singapore, to emerge as Southeast Asia’s PropTech unicorn.

With the latest developments the technology brings to the market, retail investors will have unrestricted access to real estate investments.